Wednesday, May 2, 2012

15 Minute Breakout - RDC stopped

Daily Chart
 
15 Minute Chart


.
 5 Minute Chart


Stock: RDC
Entry Bar: 2
Time Frame: 15 Minute
Entry Point: 35.94
Stop: 35.57 using 5 minute chart
Exit Goal: 36.40 and scale out
Result:stopped
All or Nothing Result: Stopped
Notes: Wasn't thrilled with this with the market week but broke on the Daily and the 5 minute chart set up nicely. Didn't work out, and stopped. I would take this trade over and over, cant win them all and stick to your stop.

* All or Nothing means to place a trade, set a exit goal and a stop, and not to manage the trade unless it’s the end of the day. Feel free to post any trades you made today that you would like commented on.

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I DO NOT MAKE RECOMMENDATIONS TO BUY OR SELL SECURITIES - I JUST POST TRADES I MAKE OR FIT THE RULES OF MY TRADING PLAN ON A DAILY BASIS. DO YOUR OWN DUE DILIGENCE - YOU ARE RESPONSIBLE FOR YOUR TRADES, INVESTMENTS, AND DECISIONS! ALL CHARTS COURTESY OF TRADESTATION, SCHWAb & TD AMERITRADE